document.write( "Question 59639: Find assets and liability, when liability is 2/5 of assets and owner's equity is $95,000. Formula: Assets = Liability + Owner's Equity \n" ); document.write( "

Algebra.Com's Answer #41002 by funmath(2933) $\"\"$ $\"About$

You can put this solution on YOUR website!
Find assets and liability, when liability is 2/5 of assets and owner's equity is $95,000. Formula: Assets = Liability + Owner's Equity
\n" ); document.write( "Let assets be:x
\n" ); document.write( "Then liability is: (2/5)x
\n" ); document.write( ":
\n" ); document.write( " $\"x=%282%2F5%29x%2B95000\"$
\n" ); document.write( " $\"x-%282%2F5%29x=-%282%2F5%29x%2B%282%2F5%29x%2B95000\"$
\n" ); document.write( " $\"%285%2F5%29x-%282%2F5%29x=95000\"$
\n" ); document.write( " $\"%283%2F5%29x=95000\"$
\n" ); document.write( " $\"%285%2F3%29%283%2F5%29x=%285%2F3%2995000\"$
\n" ); document.write( " $\"x=158333.33\"$
\n" ); document.write( "Assets:x=$158,333.33
\n" ); document.write( "Liabilities:(2/5)x=(2/5)(158,333.33)=$63,333.33
\n" ); document.write( "Happy Calculating!!! \n" ); document.write( "

\n" );